Crane Inc. bought a machine on January 1, 2016 for $804000. The machine had an expected life of 20 years and was expected to have a salvage value of $76000. On July 1, 2026, the company reviewed the potential of the machine and determined that its future net cash flows totaled $407000 and its fair value was $295000. If the company does not plan to dispose of the machine, what should Crane record as an impairment loss on July 1, 2026? $36000 $14800 $126800 $0